A risk off day in the outside markets, including DOW, pulled down livestock and soybeans. Wheat put in weather premium and pulled corn higher. Jim McCormick of AgMarket.Net has details.
Risk Off in Outside Markets Pulls Down Livestock and Soybeans: Corn and Wheat Correct and Put in Weather Premium
A risk off day in the outside markets, including DOW, weighs on livestock and soybeans. Wheat put in weather premium and pulled corn higher in the process. Jim McCormick of AgMarket.Net has details.
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Garrett Toay with AgTraderTalk says after the big rally to start the week the grain markets saw some profit taking and corrective selling.
DuWayne Bosse of Bolt Marketing says the wheat market was trying to extend gains early Thursday but may be getting close to pricing the Black Sea export disruptions in.
Oliver Sloup Blue Line Futures, says wheat prices skyrocketed adding risk premium on concerns about the escalating Black Sea war and the disruptions it is causing in the export market. It could have more upside left.
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